Bessemer Group Inc. Has $1.75 Million Stock Position in Colgate-Palmolive Company $CL

Bessemer Group Inc. raised its position in Colgate-Palmolive Company (NYSE:CL) by 16.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 19,264 shares of the company’s stock after acquiring an additional 2,650 shares during the period. Bessemer Group Inc.’s holdings in Colgate-Palmolive were worth $1,751,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Brighton Jones LLC lifted its position in Colgate-Palmolive by 4.4% in the 4th quarter. Brighton Jones LLC now owns 10,578 shares of the company’s stock valued at $962,000 after acquiring an additional 450 shares in the last quarter. DAVENPORT & Co LLC lifted its holdings in shares of Colgate-Palmolive by 1.4% in the first quarter. DAVENPORT & Co LLC now owns 43,744 shares of the company’s stock valued at $4,099,000 after purchasing an additional 608 shares in the last quarter. FSM Wealth Advisors LLC bought a new stake in Colgate-Palmolive during the first quarter worth $208,000. Pinnacle Financial Partners Inc raised its position in Colgate-Palmolive by 7.6% in the 1st quarter. Pinnacle Financial Partners Inc now owns 27,096 shares of the company’s stock valued at $2,539,000 after buying an additional 1,923 shares during the last quarter. Finally, Revisor Wealth Management LLC lifted its stake in Colgate-Palmolive by 80.6% during the 1st quarter. Revisor Wealth Management LLC now owns 4,753 shares of the company’s stock valued at $445,000 after acquiring an additional 2,121 shares in the last quarter. 80.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CL has been the subject of several recent analyst reports. Wells Fargo & Company reduced their target price on shares of Colgate-Palmolive from $83.00 to $80.00 and set an “underweight” rating for the company in a research note on Thursday, September 25th. Citigroup reduced their price objective on shares of Colgate-Palmolive from $108.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, August 4th. Morgan Stanley dropped their target price on shares of Colgate-Palmolive from $104.00 to $96.00 and set an “overweight” rating on the stock in a research report on Monday, August 4th. Raymond James Financial cut their target price on Colgate-Palmolive from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, October 20th. Finally, Deutsche Bank Aktiengesellschaft set a $86.00 price target on Colgate-Palmolive in a research report on Friday, October 10th. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.50.

Colgate-Palmolive Stock Up 1.1%

CL opened at $76.54 on Friday. Colgate-Palmolive Company has a twelve month low of $75.38 and a twelve month high of $100.18. The company’s 50-day moving average price is $80.62 and its two-hundred day moving average price is $86.51. The stock has a market cap of $61.86 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 4.44 and a beta of 0.34. The company has a quick ratio of 0.57, a current ratio of 0.89 and a debt-to-equity ratio of 6.79.

Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Colgate-Palmolive had a net margin of 14.55% and a return on equity of 377.63%. The company had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $5.03 billion. During the same quarter in the previous year, the firm posted $0.91 EPS. Colgate-Palmolive’s revenue was up 1.0% on a year-over-year basis. As a group, equities analysts expect that Colgate-Palmolive Company will post 3.75 earnings per share for the current year.

Colgate-Palmolive Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 17th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, October 17th. Colgate-Palmolive’s dividend payout ratio is currently 58.43%.

About Colgate-Palmolive

Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products in the United States and internationally. It operates through two segments: Oral, Personal and Home Care; and Pet Nutrition. The Oral, Personal and Home Care segment offers toothpaste, toothbrushes, mouthwash, bar and liquid hand soaps, shower gels, shampoos, conditioners, deodorants and antiperspirants, skin health products, dishwashing detergents, fabric conditioners, household cleaners, and other related items.